FMBIX vs. VTEAX
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or VTEAX.
Correlation
The correlation between FMBIX and VTEAX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FMBIX vs. VTEAX - Performance Comparison
Key characteristics
FMBIX:
0.66
VTEAX:
0.14
FMBIX:
0.93
VTEAX:
0.22
FMBIX:
1.14
VTEAX:
1.04
FMBIX:
0.37
VTEAX:
0.14
FMBIX:
2.00
VTEAX:
0.48
FMBIX:
1.22%
VTEAX:
1.52%
FMBIX:
3.61%
VTEAX:
4.94%
FMBIX:
-14.31%
VTEAX:
-12.74%
FMBIX:
-2.59%
VTEAX:
-2.67%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.60% return, which is significantly higher than VTEAX's -1.09% return.
FMBIX
0.60%
0.00%
0.57%
2.45%
0.90%
N/A
VTEAX
-1.09%
2.95%
-1.06%
0.69%
0.94%
N/A
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FMBIX vs. VTEAX - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is lower than VTEAX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FMBIX vs. VTEAX — Risk-Adjusted Performance Rank
FMBIX
VTEAX
FMBIX vs. VTEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FMBIX vs. VTEAX - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.46%, less than VTEAX's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.46% | 2.58% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.22% | 3.11% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% |
Drawdowns
FMBIX vs. VTEAX - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for FMBIX and VTEAX. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. VTEAX - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 0.00%, while Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a volatility of 2.53%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.